Reported about 10 hours ago
Philadelphia Fed President Patrick Harker warned that while the US economy currently appears robust, emerging signs of stress in the consumer sector and inflation risks could pose challenges ahead. He noted declining confidence among consumers and businesses, despite low unemployment and ongoing growth. Harker expressed concern about the precarious state of inflation and the increased pressure on less affluent consumers, advocating for a cautious approach to monetary policy amid these uncertainties.
Source: YAHOO